First, I think it is absurd that a president has any say on tariffs whatsoever. This bogus derivation from the IEEPA is absurd. The Congress is given SOLE power over the tariffs in the Constitution. The IEEPA delegates power to the president over international commerce in a time of national emergenc...
"A federal judge on Wednesday issued an order temporarily blocking the Trump administration from imposing a 15 percent cap on research funding from the National Institutes of Health (NIH)NIH-funded researchers who spoke with The Hill said that if the 15 percent cap on indirect funds were allowe...
Yes. I just figure that perhaps that while it doesn't affect a federal pension if it has vested might affect some benefit or if not they think it would affect future employment prospects.
CNN: "We have some breaking news for you. The acting head of the social security administration has resigned. Their departure comes after she refused to provide DOGE staffers access to sensitive information."
This federal reserve report notes that the US economy recovered better than Europe out of Covid and examines some factors why. https://www.federalreserve.gov/econres/notes/feds-notes/why-is-the-u-s-gdp-recovering-faster-than-other-advanced-economies-20240517.html I read elsewhere that US GDP by 2024...
This article argues that excessive demand was not the major cause of inflation... https://www.brookings.edu/articles/covid-19-inflation-was-a-supply-shock/ To me, I would rather have the fed gvt give a shove rather than a push when we're coming out of a depressed economy. Enduring an inflation probl...
"President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession. Those feats, economists say, are even more impressive considering...
For some inexplicable reason President Trump signs an order creating a Sovereign Wealth Fund (we don't run surpluses which is why these funds are usually created) almost immediately after Musk gains control of the Treasury where federal money is kept. I'm sure there is no connection between those tw...
"Elon Musk has vowed to unilaterally cancel hundreds of millions of dollars' worth of government grants after apparently gaining access to review the US Treasury’s vast payments system, a move that prompted the sudden resignation of one of the department’s most senior officials." "The...
In response to a tweet from Mike Flynn alleging some group was getting illegal payments , Musk is claiming that "the Doge team is rapid shutting down these illegal payments." He also claimed that with regard to fiscal year 2026 the Doge team was up to a 4 billion/day reduction in spending ...
CNN has a more concerning description on what happened with that Treasury official leaving... "The top civil servant at the Treasury Department, David Lebryk, left unexpectedly on Friday after Trump-affiliated officials expressed interest in stopping certain payments made by the federal governm...
"Hedge funds are making a multi-billion-dollar gamble against the US economy, betting Donald Trump's presidency will result in a massive market crash that could devastate 401(k)s, pensions, and household savings across America." "Throughout January, investors placed 10 times more bets...
